How to protect your online accounts from being breached
Stolen login credentials are a hot commodity on the Dark Web. There’s a price for every type of account from online banking to social media. For...
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3 min read
itfoundations
Originally posted on January 23, 2023
Last updated on May 27, 2024
The new year has just begun and it’s a time of renewal as we plan for the possibilities to come in 2023. It’s also a time when you need to plan for resiliency in the face of ever-present cyberattacks. In this blog, we investigate the cybersecurity attack trends that you need to be aware of this year.
68% of surveyed business leaders feel that cybersecurity risks are getting worse. They have a good reason. Attacks continue to get more sophisticated. They are also often perpetrated by large criminal organisations. These criminal groups treat these attacks like a business.
In 2021, the average number of global cyberattacks increased by 15.1% .
To protect your business in the coming year, it’s important to watch the attack trends. What new methods are hackers using? What types of attacks are increasing in volume? Knowing these things is important. It helps you better update your IT security to mitigate the risk of a data breach or malware infection.
We’ve pulled out the security crystal ball for the upcoming year. And we’ve researched what cybersecurity experts are expecting. Here are the attack trends that you need to watch out for.
The world has been buzzing about 5G for a few years. It is finally beginning to fulfil the promise of lightning-fast internet. As providers build out the infrastructure, you can expect this to be a high-attack area.
Hackers are looking to take advantage of the 5G hardware used for routers, mobile devices, and PCs. Anytime you have a new technology like this, it’s bound to have some code vulnerabilities. This is exactly what hackers are looking to exploit.
You can prepare by being aware of the firmware security in the devices you buy. This is especially true for those enabled for 5G. Some manufacturers will build better firmware security into their designs than others. Make sure to ask about this when purchasing new devices.
This alarming new trend is designed to get past one of the best forms of account security. Multi-factor authentication (MFA) is well-known as very effective at preventing fraudulent sign-in attempts. It can stop account takeovers even in cases where the criminal has the user’s password.
There are a few different ways that hackers try to bypass MFA. These include:
During the pandemic, the cyberattack volume increased by approximately 600%. Large criminal hacking groups have realised that world events and disasters are lucrative.
They launch phishing campaigns for world events. Attacks come for everything from the latest hurricane or typhoon to the war in Ukraine. Unsuspecting people often fall for these scams. This is because they are often distracted by the crisis.
People need to be especially mindful of scams surrounding events like these. They will often use social engineering tactics, such as sad photos, to play on the emotions.
Mobile devices go with us just about everywhere these days. This direct connection to a potential victim is not lost on cybercriminals. Look for more mobile device-based attacks, including SMS-based phishing (“smishing”).
Many people aren’t expecting to receive fake messages to their personal numbers. But mobile numbers are no longer as private as they once were. Hackers can buy lists of them online. They then craft convincing fake texts that look like shipping notices or receipts. One wrong click is all it takes for an account or data breach.
Mobile malware is also on the rise. During the first few months of 2022, malware targeted to mobile devices rose by 500%. It’s important to ensure that you have good mobile anti-malware. As well as other protections on your devices, such as a DNS filter.
These days, phishing emails are not so easy to spot. It used to be that they nearly always had spelling errors or grainy images. While some still do, most don’t.
Criminal groups elevate today’s phishing using AI and machine learning. Not only will it look identical to a real brand’s emails, but it will also come personalised. Hackers use these tactics to capture more victims. They also allow hackers to send out more targeted phishing messages in less time than in years past.
Is your business prepared for the cyber threats coming in 2022? Don’t wait to find out the hard way! Get in touch with us and schedule a cybersecurity check-up to stay one step ahead of the digital criminals.
Article used with permission from The Technology Press.
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